REAL ESTATE

Santa Ana Apartment Development Sells for $101M

228-Unit Project Opening This Year

A 228-unit apartment project under construction in Santa Ana has sold for north of $100 million to a private investment firm.

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Invesco Lists 2 Aliso Offices

169,315 SF Along Polaris Way

The local office of Dallas-based Invesco Real Estate is selling part of its office holdings in Aliso Viejo.

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Mitsubishi Selling Cypress HQ

178,000-SF Building Is Second Largest in City

Mitsubishi Motors is selling its Cypress headquarters as part of its relocation to Tennessee.

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TRI Pointe CFO Grubbs to Retire

Irvine-based TRI Pointe Group Inc. (NYSE: TPH) said Monday its chief financial officer, Mike Grubbs, will step down at the start of next year.

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Edwards Kicks Off Nearly $240M Campus Expansion

REAL ESTATE: Project will add 500,000 SF, jobs

Orange County’s largest publicly traded company now has the largest office development underway in the area around John Wayne Airport.

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Mechanics Bank to Have 2 CEOs

Mechanics Bank (OTCBB: MCHB) announced it will have two chief executives after its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group.

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City of Hope Expands Irvine Plans

Duarte-based City of Hope National Medical Center has significantly boosted its planned investment to $1 billion for a new comprehensive cancer center and specialty hospital in Irvine.

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Spectrum Buildings Hit Higher Gear

DEVELOPMENT: Irvine Co.’s Latest: Luxe Offices, Higher Rents

Irvine Co. is bringing some Silicon Valley chic to its latest office park in the Irvine Spectrum.

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Demand for Apartment Development Remains Strong

Over 5,000 Units Underway in OC

If there’s an end in sight to Orange County’s apartment construction boom, no one told the developers.

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Commercial Development Activity Ticks Up

4.2M SF in Past Year; Retail Still a Question

Office projects continued to drive commercial development in Orange County last year, and not just in the county’s largest office market.

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Construction Firms Report 6% Jump

Steady Growth Expected to Continue

Revenues for Orange County’s largest commercial construction companies reached a new post-recession high last year.

SteelWave’s Two Buys Include Tricon’s New Home

REAL ESTATE: Next-door deals in Tustin; $49M

SteelWave LLC, the Foster City-based real estate investor currently heading the development of The Press creative office project in Costa Mesa, has added a pair of large buildings in Tustin—including one of the city’s recently rebuilt creative office properties—to its area portfolio.

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Green Street Advisors Sold

Deal Will Support Growth At NB Firm, CEO Says

Newport Beach real estate data and analytics firm Green Street Advisors LLC is being sold to a New York private equity firm on undisclosed terms.

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PIMCO Eyes Deals Across the Pond

$76M for Troubled Retail Assets in UK

Pacific Investment Management Co.’s planned $1 billion initial public offering for a new real estate investment trust has been postponed for nearly a month without word on a potential reboot, but the Newport Beach investment giant is still keeping a close eye on real estate opportunities.

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